Equities research analysts expect that Greif, Inc. (NYSE:GEF) will post earnings per share of $1.18 for the current quarter, Zacks reports. Four analysts have issued estimates for Greif’s earnings. The highest EPS estimate is $1.26 and the lowest is $1.13. Greif posted earnings of $1.20 per share in the same quarter last year, which suggests a negative year over year growth rate of 1.7%. The firm is expected to announce its next quarterly earnings results on Wednesday, September 4th.
According to Zacks, analysts expect that Greif will report full year earnings of $3.80 per share for the current financial year, with EPS estimates ranging from $3.71 to $3.95. For the next financial year, analysts forecast that the firm will post earnings of $4.05 per share, with EPS estimates ranging from $3.75 to $4.26. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Greif.
Greif (NYSE:GEF) last posted its quarterly earnings results on Wednesday, June 5th. The industrial products company reported $0.81 EPS for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.02. Greif had a net margin of 3.68% and a return on equity of 19.11%. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.24 billion. During the same quarter in the prior year, the company posted $0.76 earnings per share. The business’s revenue for the quarter was up 25.3% on a year-over-year basis.
In other Greif news, CEO Peter G. Watson purchased 15,000 shares of the firm’s stock in a transaction on Tuesday, July 2nd. The shares were acquired at an average cost of $32.71 per share, for a total transaction of $490,650.00. Following the completion of the transaction, the chief executive officer now owns 140,011 shares of the company’s stock, valued at $4,579,759.81. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mark A. Emkes purchased 1,190 shares of the firm’s stock in a transaction on Tuesday, July 2nd. The stock was acquired at an average price of $32.75 per share, for a total transaction of $38,972.50. Following the completion of the transaction, the director now directly owns 31,532 shares of the company’s stock, valued at approximately $1,032,673. The disclosure for this purchase can be found here. Insiders purchased 20,358 shares of company stock worth $670,275 in the last 90 days. 13.56% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in GEF. Deprince Race & Zollo Inc. grew its holdings in shares of Greif by 32.4% during the fourth quarter. Deprince Race & Zollo Inc. now owns 433,811 shares of the industrial products company’s stock valued at $16,099,000 after buying an additional 106,121 shares during the last quarter. Texas Permanent School Fund boosted its holdings in Greif by 4.0% in the fourth quarter. Texas Permanent School Fund now owns 16,975 shares of the industrial products company’s stock worth $630,000 after purchasing an additional 653 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in Greif by 5.6% in the fourth quarter. Hsbc Holdings PLC now owns 39,127 shares of the industrial products company’s stock worth $1,452,000 after purchasing an additional 2,091 shares during the last quarter. United Services Automobile Association boosted its holdings in Greif by 1.0% in the fourth quarter. United Services Automobile Association now owns 270,121 shares of the industrial products company’s stock worth $10,024,000 after purchasing an additional 2,770 shares during the last quarter. Finally, Menta Capital LLC purchased a new stake in Greif in the fourth quarter worth approximately $460,000. Institutional investors and hedge funds own 47.75% of the company’s stock.
Shares of NYSE:GEF traded down $0.07 during trading on Friday, reaching $34.13. 3,388 shares of the stock traded hands, compared to its average volume of 371,061. The firm’s 50-day moving average price is $34.07. Greif has a 52-week low of $30.12 and a 52-week high of $59.00. The company has a debt-to-equity ratio of 2.51, a quick ratio of 1.15 and a current ratio of 1.67. The company has a market capitalization of $1.65 billion, a PE ratio of 9.63, a P/E/G ratio of 1.05 and a beta of 1.36.
The business also recently announced a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Tuesday, June 18th were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 5.16%. The ex-dividend date of this dividend was Monday, June 17th. Greif’s dividend payout ratio is currently 49.86%.
Greif, Inc produces and sells industrial packaging products and services worldwide. It operates through four segments: Rigid Industrial Packaging & Services; Paper Packaging & Services; Flexible Products & Services; and Land Management. The Rigid Industrial Packaging & Services segment offers rigid industrial packaging products, including steel, fiber, and plastic drums; rigid intermediate bulk containers; closure systems for industrial packaging products; transit protection products; water bottles, and remanufactured and reconditioned industrial containers; and services, such as container life cycle management, filling, logistics, warehousing, and other packaging services.
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